> Is this not exactly why banks have to deposit X amount outside their doors?
Sorry, what do you mean?
-- think that's referring to bank deposit insurance schemes...
> Is this not exactly why banks have to deposit X amount outside their doors?
Sorry, what do you mean?
-- think that's referring to bank deposit insurance schemes...
In Europe there are CoCo bonds used to meet capital requirements - various ways of providing layers of protection in case things go wrong.
US banks tend to meet AT1 requirements by issuing preferred shares.
Binance's approach seems to be based on vibes and a vague promise